Happy Holi! 5 stocks to watch out for on Monday

Happy Holi! 5 stocks to watch out for on Monday
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Happy Holi! 5 stocks to watch out for on Monday
  • 
	Key indices fell sixth day in a row Friday, shedding roughly 4 percent on a week-on-week. The Sensex closed at 18735.60, down 57 points over the previous close, and the Nifty shed 7 points to close at 5651. With Friday’s losses, the Sensex has shed 835 points in the last six sessions, and the Nifty, 258 points. The near 4 percent weekly decline is the worst in about 15 months.

	Realty and state-owned banks have been the worst performers in a week in which midcap and small cap shares took a renewed pounding.

	So, here are stocks that traders need to watch out in the next week.
	 

    Key indices fell sixth day in a row Friday, shedding roughly 4 percent on a week-on-week. The Sensex closed at 18735.60, down 57 points over the previous close, and the Nifty shed 7 points to close at 5651. With Friday’s losses, the Sensex has shed 835 points in the last six sessions, and the Nifty, 258 points. The near 4 percent weekly decline is the worst in about 15 months. Realty and state-owned banks have been the worst performers in a week in which midcap and small cap shares took a renewed pounding. So, here are stocks that traders need to watch out in the next week.  

  • 
	Oil Marketing Companies

	Diesel price has been hiked by 45 paise per litre from Saturday. Diesel will be expensive by 51 paise in Delhi, 57 paise in Mumbai, 53 paise in Kolkata and 55 paise. 
	 

	Stocks of OMCs like HPCL, BPCL, IOC and Oil India are likely to react to the news on Monday.

    Oil Marketing Companies Diesel price has been hiked by 45 paise per litre from Saturday. Diesel will be expensive by 51 paise in Delhi, 57 paise in Mumbai, 53 paise in Kolkata and 55 paise.    Stocks of OMCs like HPCL, BPCL, IOC and Oil India are likely to react to the news on Monday.

  • 
	Nestle India

	Processed foods maker Nestle India increased its royalty rate to 4.5 percent from earlier 3.5 percent of sales. The increase in royalty will be at 0.20% staggered over the next 5 years and effective Jan 1, 2014, the maker of Maggi Noddles and Nescafe instant coffee said.

	On Friday, the stock closed at Rs 4,686.45, down Rs 66.90, or 1.41 percent on the BSE.

	 

    Nestle India Processed foods maker Nestle India increased its royalty rate to 4.5 percent from earlier 3.5 percent of sales. The increase in royalty will be at 0.20% staggered over the next 5 years and effective Jan 1, 2014, the maker of Maggi Noddles and Nescafe instant coffee said. On Friday, the stock closed at Rs 4,686.45, down Rs 66.90, or 1.41 percent on the BSE.  

  • 
	Dr Reddy's Lab

	Pharmaceutical major Dr Reddy’s Laboratories settled a case against Nordion in New Jersey District Court for a cash payment of Rs 122.27 crore. Dr Reddy’s had brought the case in April 2009 seeking compensation for damages caused by Nordion Inc. for breaching a laboratory services agreement.

	The stock closed at Rs 1,751.95, down Rs 15.90, or 0.90 percent on the BSE.

	 

    Dr Reddy's Lab Pharmaceutical major Dr Reddy’s Laboratories settled a case against Nordion in New Jersey District Court for a cash payment of Rs 122.27 crore. Dr Reddy’s had brought the case in April 2009 seeking compensation for damages caused by Nordion Inc. for breaching a laboratory services agreement. The stock closed at Rs 1,751.95, down Rs 15.90, or 0.90 percent on the BSE.  

  • 
	Lupin

	Drug major Lupin got US health regulator’s approval to market generic version of Novartis Pharmaceuticals Corp’s Diovan HCT Tablets, a hypertension drug, in the American market.

	According to IMS MAT Sept 2012 sales data, Valsartan and Hydrochlorothiazide Tablets had sales of around USD 1.7 billion in the US market.

	The stock of Lupin on Friday closed at Rs 627.85 per share on the BSE, up 0.75 per cent from its previous close.

    Lupin Drug major Lupin got US health regulator’s approval to market generic version of Novartis Pharmaceuticals Corp’s Diovan HCT Tablets, a hypertension drug, in the American market. According to IMS MAT Sept 2012 sales data, Valsartan and Hydrochlorothiazide Tablets had sales of around USD 1.7 billion in the US market. The stock of Lupin on Friday closed at Rs 627.85 per share on the BSE, up 0.75 per cent from its previous close.

  • 
	GMR Infra

	
	GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year. The entire power production is committed against power purchase agreements. Work on commissioning the second 300 MW unit is in advanced stages and will be commissioned in the first half of FY14, it added.

	GMR Infrastructure closed at Rs 19.95, down Rs 0.05, or 0.25 percent on the BSE.

    GMR Infra GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year. The entire power production is committed against power purchase agreements. Work on commissioning the second 300 MW unit is in advanced stages and will be commissioned in the first half of FY14, it added. GMR Infrastructure closed at Rs 19.95, down Rs 0.05, or 0.25 percent on the BSE.

  • 
	Key indices fell sixth day in a row Friday, shedding roughly 4 percent on a week-on-week. The Sensex closed at 18735.60, down 57 points over the previous close, and the Nifty shed 7 points to close at 5651. With Friday’s losses, the Sensex has shed 835 points in the last six sessions, and the Nifty, 258 points. The near 4 percent weekly decline is the worst in about 15 months.

	Realty and state-owned banks have been the worst performers in a week in which midcap and small cap shares took a renewed pounding.

	So, here are stocks that traders need to watch out in the next week.
	 
  • 
	Oil Marketing Companies

	Diesel price has been hiked by 45 paise per litre from Saturday. Diesel will be expensive by 51 paise in Delhi, 57 paise in Mumbai, 53 paise in Kolkata and 55 paise. 
	 

	Stocks of OMCs like HPCL, BPCL, IOC and Oil India are likely to react to the news on Monday.
  • 
	Nestle India

	Processed foods maker Nestle India increased its royalty rate to 4.5 percent from earlier 3.5 percent of sales. The increase in royalty will be at 0.20% staggered over the next 5 years and effective Jan 1, 2014, the maker of Maggi Noddles and Nescafe instant coffee said.

	On Friday, the stock closed at Rs 4,686.45, down Rs 66.90, or 1.41 percent on the BSE.

	 
  • 
	Dr Reddy's Lab

	Pharmaceutical major Dr Reddy’s Laboratories settled a case against Nordion in New Jersey District Court for a cash payment of Rs 122.27 crore. Dr Reddy’s had brought the case in April 2009 seeking compensation for damages caused by Nordion Inc. for breaching a laboratory services agreement.

	The stock closed at Rs 1,751.95, down Rs 15.90, or 0.90 percent on the BSE.

	 
  • 
	Lupin

	Drug major Lupin got US health regulator’s approval to market generic version of Novartis Pharmaceuticals Corp’s Diovan HCT Tablets, a hypertension drug, in the American market.

	According to IMS MAT Sept 2012 sales data, Valsartan and Hydrochlorothiazide Tablets had sales of around USD 1.7 billion in the US market.

	The stock of Lupin on Friday closed at Rs 627.85 per share on the BSE, up 0.75 per cent from its previous close.
  • 
	GMR Infra

	
	GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year. The entire power production is committed against power purchase agreements. Work on commissioning the second 300 MW unit is in advanced stages and will be commissioned in the first half of FY14, it added.

	GMR Infrastructure closed at Rs 19.95, down Rs 0.05, or 0.25 percent on the BSE.

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